Global Production of Printed Textiles is Projected to Reach 29.8 billion Square Meters by 2020
Advances in Digital Printing Technology to Boost Growth
in the Global Textile Printing Market, According to New Report by Global Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market share, market size
and demand forecasts on the global Textile Printing market. Global
production of Printed Textiles is projected to reach 29.8 billion square meters
by 2020, driven by technology developments aimed at improving print
speeds, design, and efficiency.
Textile printing is an
important process in textile design, given its role in embellishing and contributing
to the style of the garment. In sync with rapid changes in fashion, the textile
industry is making a steady shift towards prints rather than dyed fabric. The
market for textile printing is closely linked to consumer demand for apparel/clothing,
home furnishings and automotive decor. Steady population growth, increasing
purchasing capability, and rapidly changing fashion trends are among the key
factors driving growth in the textile printing market. The steady shift towards
digital textile printing driven by the technology’s ability to accelerate production
speeds, and reduce coloration costs, is additionally helping drive growth in
the market. Technology advancements and innovations associated with inks and
consumables, printheads, and printing machinery remain vital to market growth.
Screen Printing represents the largest market sector by type of
technology. Though facing stiff competition from the rapid adoption of digital
technology, conventional screen printing continues to hold a major share of the
global textile printing market, in terms of production volume of printed
textiles. Growth in the coming years will be driven largely by the digital
textile printing market. Development of high-quality inkjet print heads,
availability of open system inkjet print heads that enable use of inks from
multiple suppliers, and launch of lower priced solutions are expected to accelerate
the adoption of digital printing technology. Continuous rise in production
activity across Europe, as local textile manufacturers’ focus on re-shoring manufacturing
activities hitherto outsourced to low-cost developing markets, bodes well for future
growth. Digital printing technology is
also positioned to benefit immensely from the success of fast fashion, which
requires manufacturers to reduce time to market in order to capitalize on the short-lived
window of opportunity offered by fast changing fashion fads.
As
stated by the new market research report on Textile Printing, Asia-Pacific
represents the largest and the fastest growing market with a CAGR of 4.4% over
the analysis period. The textile industry’s shift towards low-cost production
destinations in developing markets have contributed to the region’s emergence
as a powerhouse in textile production. In the coming years, market growth will
be chiefly driven by growing population and steady economic growth in countries
such as India and China.
Key
players covered in the report include Agfa Graphics, Brother Industries Ltd.,
Dickson Coatings, Fisher Textiles Inc., Glen Raven Inc., Hollanders Printing
Systems, Huntsman Corporation, Jaysynth Dyestuff (India) Limited, Konica
Minolta Inc., Kornit Digital Ltd., Mehler Texnologies GmbH, Mimaki Engineering
Co. Ltd., Mutoh Industries Ltd., Reggiani Macchine Spa, Roland DG Corporation,
Seiko I Infotech Inc., SPGPrints B.V., and Xennia Technology Ltd., among
others.
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